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File: NR131010 Amend Opt Agt BullRun.doc

 

Suite 507 - 475 Howe Street,	Telephone 604-687-7828
Vancouver, British Columbia	Facsimile 604-687-7848
V6C 2B3  Canada	www.arrowstarresources.co

NEWS 	TSX.V: AWS
For Immediate Release

                                                                                                                      
--->                                                       
AMENDED OPTION AGREEMENT
Vancouver, B.C. - October 10, 2013, Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Compan
--->y") (TSXV: AWS), advises that further to the agreement entered into between the Company and Pacific Rim Minerals LLC (
--->"Pacific Rim") dated August August 18, 2011 (the "Option Agreement") whereby the Company was granted an option to acqu
--->ire up to an undivided 100% registered and beneficial interest in and to certain mining claims located in the State of
---> Alaska (the "Property"), which was approved by the TSX Venture Exchange on October 19, 2011, the Company entered into
---> a further agreement with Pacific Rim on April 20, 2012 to provide for title to the Property to be held in the Company
--->'s name ("Amendment No. 1").
Pacific Rim subsequently assigned its rights and interest under the Option Agreement to BullRun Prospecting Inc. ("Bul
--->lRun") pursuant to an agreement entered into between Pacific Rim and BullRun dated March 14, 2013 (the "Assignment Agr
--->eement").
On September 27, 2013 the Company and BullRun entered into an agreement ("Amendment No. 2") to waive the Minimum Expen
--->ditures (as defined in the August 18, 2011 Option Agreement) to be incurred between November 1, 2012 and October 31, 2
--->013, and in consideration therefore the Company will issue to BullRun 1,500,000 common shares of the Company, subject 
--->to regulatory approval.
In accordance with all applicable securities laws, the common shares of the Company to be issued under Amendment No. 2
---> to the Option Agreement will be subject to a four month hold.
On Behalf of the Board of Directors Arrowstar Resources Ltd.

Robert L. Card President

Investor Contact	Lawrence Koyle
	604-687-7828 or 778-889-4871 
	arrowstarresources@shaw.ca
	www.arrowstarresources.com
		

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies    of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but
---> are not limited to, statements concerning AWS's planned exploration programs and other statements that are not histor
--->ical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "pot
--->ential," "should," and similar expressions are forward-looking statements. Although AWS believes that its expectations
---> reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no 
--->assurance can be given that actual results will be consistent with these forward-looking statements. Important factors
---> that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk
---> Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.